A major international investment bank has warned this weekend that company directors believe that shares have already reached their peaks as stock markets in Ireland and Britain hit fresh heights.
Merrill Lynch equity strategist Khuram Chaudhry said the survey of the number of directors buying and selling shares in Europe had reached a 52-week low, signalling that they believed that shares were already overvalued.
It comes as the number of analysts’ profit upgrades last week...
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